The Falcons are in agreement to trade longtime quarterback Matt Ryan to the Colts, according to Sports Illustrated’s Albert Breer.
The deal will send Ryan to Indianapolis. The Falcons will get a third-round draft pick as compensation.
Ryan was due a $7.5 million roster bonus if he was still a member of the Falcons by 4 p.m. ET Monday. The roster bonus was originally due Friday, but Ryan agreed to push it back since the team was pursuing Deshaun Watson.
Monday’s trade is a direct result of the Watson situation, per the NFL Network.